Thabo Mbeki in US to lobby the world to help stop Africa’s financial haemorrhage

Africa loses tens of billions of dollars every year through crime and corruption.

And now the fight to stop that illicit flow of cash and capital has taken former South African President Thabo Mbeki and a team of experts to the US.

Their goal? To bring attention to the problems and what it’s costing the continent.

Addressing billions of illicit financial outflows from Africa is imperative as the continent needs domestic resources for its development, said the former President of South Africa, Thabo Mbeki, who chairs a United Nations panel on the issue, urging the UN Economic and Social Council (ECOSOC) and partner institutions to relevant elaborate action plans.

In a special briefing to the Council, Mr. Mbeki, Chair of the UN Economic Commission of Africa (UNECA) High-Level Panel on Illicit Financial Flows from Africa, said the issue of illicit financial flow came up during the discourse on how to mobilize domestic resources in the context of the newly-adopted 2030 Sustainable Development Agenda.

Our UN Correspondent Liling Tan has the story.